Empire of Debt: The Rise of an Epic Financial Crisis
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Empire of Debt: The Rise of an Epic Financial Crisis

3.7 3
by Will Bonner, Addison Wiggin
     
 

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Praise for EMPIRE OF DEBT

In America, we know what we have to do. We have an empire to run. Outlying places to police. People to boss around. Sabres to rattle. And an economy that has to remain Numero Uno. Unfortunately, history shows that running an empire is a disastrously expensive business. You pay in cash. You pay in blood. And you pay with your own

Overview

Praise for EMPIRE OF DEBT

In America, we know what we have to do. We have an empire to run. Outlying places to police. People to boss around. Sabres to rattle. And an economy that has to remain Numero Uno. Unfortunately, history shows that running an empire is a disastrously expensive business. You pay in cash. You pay in blood. And you pay with your own soul.

"This is a powerful book. In addition to its depth, it is well written, well documented, and vastly readable. I had the feeling of seeing an X-ray of economic reality with the crust removed. It should be made mandatory reading in most circles. Read it, and your views of the world around you will no longerbe the same."

Nassim Nicholas Taleb, founder, Empirica Capital, LLC, and author, Fooled by Randomness

"Now perhaps someone will finally listen!"

Jim Rogers, author, Investment Biker, Adventure Capitalist, and Hot Commodities

"Instead of trade and work, imperialism breeds militarism, inflation, and debt, as Bonner and Wiggin show. Yet there is a golden hope in freedom and honest money."

Llewellyn H. Rockwell Jr., Ludwig von Mises Institute

"[Empire of Debt] is a fantastic book. It's thoughtful, erudite, witty, well written, practical . . . and spot-on. If you value your financial health, you'll read it from cover to cover. Now!"

Doug Casey, Chairman, Casey Research, LLC, and author, Crisis Investing

"I laughed, I cried, I renewed my passport. . . . Bonner and Wiggin deliver a steady diet of insight and wit that terrifies the reader, even as it amuses. Empire of Debt is not for everyone, only for those of us who hope to enjoy continuing prosperity amidst difficult conditions."

Eric Fry, Editor, The Rude Awakening

Product Details

ISBN-13:
9780471980483
Publisher:
Wiley
Publication date:
10/06/2006
Series:
Agora Series
Pages:
384
Product dimensions:
6.00(w) x 8.90(h) x 1.10(d)

Meet the Author

WILLIAM BONNER is President and CEO of Agora Inc., one of the world's largest financial newsletter companies. Agora is headquartered in Baltimore and has offices overseas in London, Paris, Ireland, Bonn, Madrid, Melbourne, and Johannesburg. Bonner is the creator of the Daily Reckoning, a contrarian financial newsletter sent via e-mail (www.dailyreckoning.com). Mr. Bonner is also the coauthor, with Addison Wiggin, of the international bestseller Financial Reckoning Day and author of Mobs, Messiahs, and Markets (both published by Wiley).

ADDISON WIGGIN is the Editorial Director and Publisher of the Daily Reckoning. He is also the author of the international bestseller The Demise of the Dollar And Why It's Great for Your Investments (now in it's second edition), and coauthor, with William Bonner, of the international bestseller Financial Reckoning Day.

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Empire of Debt: The Rise of an Epic Financial Crisis 3.7 out of 5 based on 0 ratings. 3 reviews.
Guest More than 1 year ago
Just when you thought you had heard the dangers of the staggering U.S. national debt described from every possible perspective, authors Bill Bonner and Addison Wiggin present it as history. Their fervent approach puts this problem and the American empire into a global and historical context. From the ancient Greeks to President Woodrow Wilson's misguided adventures in Mexico and Europe, to the prolonged Japanese deflation crisis, the account reads like a historical novel instead of a history. The authors' writing is refreshing and witty ¿ which is important, since politicians, citizens and the media tend to fall asleep as soon as anyone mentions either imperialism or the national debt, which the authors see as a financial house of cards. Readers may (in fact, probably will) disagree with some of their more politicized projections and opinions, but their contrarian perspective is an intriguing light to shine on such an ambitious, controversial topic. We recommend this book to history buffs, investment managers and journalists.
Guest More than 1 year ago
I highly recommend Empire of Debt. It is insightful, visionary, and witty. Although its theme is to sound an alarm, the book is enjoyable to read and entertaining as well. After reading it you will want to realign your personal investments to be prepared.
Guest More than 1 year ago
The amount of money is massive and will keep the economy going for another 40 years.